Trend Table for SPNS - Sapiens International Corporation N.V.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 23	A	Strong	Up	Up	Up	22.97%
Aug 22	A	Strong	Up	Up	Down	25.43%
Aug 21	A	Strong	Up	Up	Down	25.55%
Aug 18	A	Strong	Up	Up	Down	24.63%
Aug 17	A	Strong	Up	Up	Down	26.45%
Aug 16	A	Strong	Up	Up	Flat	22.97%
Aug 15	A	Strong	Up	Up	Up	21.52%
Aug 14	A	Strong	Up	Up	Up	22.73%
Aug 11	A	Strong	Up	Up	Up	21.81%
Aug 10	A	Strong	Up	Up	Up	22.69%